Synopsys Posts Financial Results for Fourth Quarter and Fiscal Year 2019

Reconciliation of 2020 Targets

The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP targets for the periods indicated below.

GAAP to Non-GAAP Reconciliation of First Quarter Fiscal Year 2020 Targets (1)

(in thousands, except per share amounts)











 Range for Three Months 



Ending January 31, 2020



Low


High

Target GAAP expenses


$          715,000


$          744,000

Adjustments:





      Estimated impact of amortization of intangible assets


(22,000)


(25,000)

      Estimated impact of stock compensation


(49,000)


(52,000)

      Estimated impact of restructuring charges


(9,000)


(12,000)

Target non-GAAP expenses


$          635,000


$          655,000
















Range for Three Months



Ending January 31, 2020



Low


High

Target GAAP earnings per share


$                0.43


$                0.54

Adjustments:





      Estimated impact of amortization of intangible assets


0.16


0.14

      Estimated impact of stock compensation


0.34


0.32

      Estimated impact of restructuring charges


0.08


0.06

      Estimated impact of tax adjustments


(0.12)


(0.12)

Target non-GAAP earnings per share


$                0.89


$                0.94






Shares used in non-GAAP calculation (midpoint of target range)


154,500


154,500











GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2020 Targets(1)

(in thousands, except per share amounts)











Range for Fiscal Year



October 31, 2020



Low


High

Target GAAP expenses


$       2,934,000


$       2,983,000

Adjustments:





      Estimated impact of amortization of intangible assets


(83,000)


(88,000)

      Estimated impact of stock compensation


(212,000)


(217,000)

      Estimated impact of restructuring charges


(9,000)


(18,000)

Target non-GAAP expenses


$       2,630,000


$       2,660,000
















Range for Fiscal Year



October 31, 2020



Low


High

Target GAAP earnings per share


$                3.72


$                3.90

Adjustments:





     Estimated impact of amortization of intangible assets


0.57


0.54

     Estimated impact of stock compensation


1.40


1.37

     Estimated impact of restructuring charges


0.12


0.06

     Impact of tax adjustments


(0.63)


(0.62)

Target non-GAAP earnings per share


$                5.18


$                5.25






Shares used in non-GAAP calculation (midpoint of target range)


154,500


154,500


(1) Synopsys' first fiscal quarter and fiscal year will end on February 1, 2020 and October 31, 2020, respectively. For presentation purposes, we refer to the closest calendar month end. 


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Reviews:
Review Article
  • online works December 05, 2019
    Reviewed by 'Nelsonr Jeynolds'
    Synopsys likewise gives its combined budgetary focuses to the fourth quarter and full financial year 2019, which do exclude any effect of future obtaining related exercises or expenses.
    Thesis writing service

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